July, 2012

Are More California Munipical Bankruptcies On Their Way?

Recently, the cash-strapped city of San Bernadino decided to file for municipal bankrutpcy  following the footsteps of Stockton and Mammoth Lakes.  Also, the California city of Vallejo emerged from bankruptcy after filing chapter 9 for its own reasons stemming of course from financial troubles. On the heels of these events, local southern California cities are looking for new ways to...

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